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Dec 23, 2012
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that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50 and the defense is not 50% of the budget, and they will drastically cut weapon systems and the deployment of our troops. >> i can understand that you would be concerned about that. in terms of this christmas break now that you are home and the president is in hawaii, but the president suggested it is a cooling off period for everyone. are you optimistic that next week things could change all of a sudden and a deal could happen? >> i am optimistic if we can get one done in the hour. people are far apart. many republicans feel they were elected under a pledge not to raise taxes no matter what. democrats were elected
that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50...
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Dec 27, 2012
12/12
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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Dec 28, 2012
12/12
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KPIX
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the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring 1,500 new flight attendants. 20,000 applicants responded-- so many, american stopped taking resumes after eight days. these candidates had to pass a telephone interview before being invited this month to the airline's world headquarters in fort worth. ( applause ) >> i was unemployed for over a year. >> reporter: yoon eom is 25, a college grad and a new u.s. citizen, but in this room, she had a competitive edge-- she speaks english, spanish and her native korean. >> they're launching a direct flight to korea starting in may, and i was like, "oh, my gosh. this is my only chance!" >> report
the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring...
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Dec 23, 2012
12/12
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the government cannot protect us. they can't be everywhere all the time. the government has delusional thinking. >> it's such a complicating subject and i hate to play into the sound bite. we're 5% of the world's population and we've got 50% of the guns. >> you know, today i think the nra planted a flag on planet bizarro. i hate to use a sound bite like that. but we have more guns in this country and we have more gun violence in this country than any other western industrialized nation and they don't see a link and, in fact, what they then say is, we need more guns like our guest just said. that's the world we live in. we live in a world where everyone around the country has mentally deranged people, violent movie games, violent music as we do, and yet they don't have the number of guns we have and strikingly, oddly enough they don't have the same gun violence that we do. i don't know why that point escapes wayne lapierre. and our guest on the show tonight. >> mr. siebold, i feel naive. i'm confused. i expected the nra to embrace universal background check
the government cannot protect us. they can't be everywhere all the time. the government has delusional thinking. >> it's such a complicating subject and i hate to play into the sound bite. we're 5% of the world's population and we've got 50% of the guns. >> you know, today i think the nra planted a flag on planet bizarro. i hate to use a sound bite like that. but we have more guns in this country and we have more gun violence in this country than any other western industrialized...
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Dec 29, 2012
12/12
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we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable to join us due to technical difficulties beyond our control. >>> up next, america's murder capital. what makes this city so much more violent than los angeles and new york? we'll talk about the guns and the attitudes. >>> and the country re-elected its first african-american president. yet that hasn't stopped some from engaging in hate speech and racist stunts. we'll talk about this mannequin and much more. >>> please, stop the killering. >> guys see what happened? huh? you didn't see what happened? >> he don't do nothing wrong. >> i can't take this! he d
we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable...
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Dec 27, 2012
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a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60 days. it's an arbitrary and useless statute. denmark i think is the only other country that has something like that. this would be gamesmanship of the most dangerous kind. i hope nobody is going to play that game. i know the president said he is not going to play that game. if the republicans think they use that as leverage, they do that at their own risk. >> congressman, good luck to the cardinals. take care. >> thank you, luke. >> we are keeping our eye on how the stalemate is playing on wall street and president george hw bush is now
a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60...
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Dec 27, 2012
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first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high
first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't...
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Dec 30, 2012
12/12
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important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you. john boehner as we heard from kelly o'donnell is going to have to face meeting democrats if we have a deal. then he's going to have to go back to his caucus and say re-elect me as speaker. how does he do that? >> i think it's two separate questions, richard. on the first point he's going to have a difficult time to corral votes. if the president bring his 250 plan to the house floor, you're not going to see many republicans go after it. but at the same time i think boehner is pretty safe when it comes to his speakership. if gentlemen were making noise against the speaker, there would be huge trouble. i think boehner'
important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you....
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Dec 28, 2012
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if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severe iity durin break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it
if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what...
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Dec 27, 2012
12/12
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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Dec 28, 2012
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the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away.illy. the factor. captioned by closed captioning services, inc. >> the o'reilly factor is on. tonight. >> this is something within our capacity to solve. call me a hopeless optimist but i still think we can get it done. >> as the nation comes closer to the edge the chances of a fiscal cliff deal begin to doom. what will it mean for you? >> the administration essentially enacting legislation on its own through you
the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left...
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Dec 27, 2012
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CNNW
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that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] glucerna hunger smart. [music: artist: willy moon ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! neural speeds increasing to 4g lte. br
that's when the government reaches its legal borrowing limit. the government can operate for a few weeks using emergency measures, but congress needs to act quickly to avoid a full-blown crisis. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help...
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Dec 27, 2012
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, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to make it clear and i'm trying to make it clear that john boehner can't just say i'm not in there. of course, he is a player in this. if he does not work with the senate, work with the president and, again, the president has time and time again said we have some common ground here. if the republicans do agree, and they say they do, that they do not want to see tax rates go up on the american people, well, the president said let's make sure that we vote on that. 98% of americans can be protected from a tax increase. we can protect seniors under medicare by making sure that 30% cut to the providers don't go through. th
, that we actually pay our bills as a government, that we find a balanced approach going forward. john boehner knows the votes from some of the republicans and some of the democrats can happen. and he's been unwilling to do that. >> do you think it's good -- >> it's hurting this country. >> is it good at this point in the process for harry reid to go on the senator floor and bash speaker boehner? does that not send a message this close to the deadline? >> he's trying to...
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Dec 31, 2012
12/12
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CSPAN
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in a parliamentary system, one government rules everything. one party rules everything. you have the prime minister, you have the speaker, and the leader. all in one party. and then it you do not compromise -- you put that out there and you get your program through. if there is a lack of confidence the people can change parties. the next party comes in and does what it wants. that is not what we do here. sometimes i wish it was the form of government we have because at least there would be some action and you would now. you would not have some uncertainty -- each party has its dreams and hopes and plans. they would have to change to get this policy through. we have to meet each other halfway. the house is run by the republicans. is -- the senate is run by the democrats but is not a super majority. the president is a democrat. we have to work together. that is the name of the game. if we can do it on the highway bill -- if they can do it on the farm bill, i now, and there are other examples -- i could give examples of senator feinstein and her republican counterparts. i c
in a parliamentary system, one government rules everything. one party rules everything. you have the prime minister, you have the speaker, and the leader. all in one party. and then it you do not compromise -- you put that out there and you get your program through. if there is a lack of confidence the people can change parties. the next party comes in and does what it wants. that is not what we do here. sometimes i wish it was the form of government we have because at least there would be some...
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Dec 27, 2012
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that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of gdp. he knows we can't asked the republicans to raise it 1.2, 1.3 trillion in revenue. he's reached out and made cig nif kant concessions and the response to that was nothing. it is pathetic. >> jaret, let me ask you, if we go over the cliff, what ps? is there not an immediate impact on people with unemployment insurance and other things? i mean, what happens if we go over this cliff? >> well, you really have to distinguish between going over the cliff and quickly reversing the damage, meaning in a matter of weeks, which is still
that's what government does. but when you get inflexible people that seem to not understand the pain of the ordinary american, how do you break this gridlock? >> well, it's very hard. and the point you made, rev, is a very good one. the president did move with entitlements and it did anger a cig n significant portion of his base. but the president agrees that you can't set this nation's economy on a healthy path that cease going to take care of our deficit and make it a managinin bart of...
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Dec 28, 2012
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look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we have personal debt? we raise our income, we want to raise our revenue and cut spending. >> we're not going to take -- >> we put it forward and we've cut spending cut $.5 trillion last year. >> where? >> i want to take money from the private sector and give it to a bunch of bureau kratz. let the money stay in the private sector. don't raise taxes when we have a slow economy. >> why are you telling me that? tell john boehner not to raise taxes. he'll raise them on all of us. the congress is on taxes. everything -- we shouldn't be debating this. congress should because tax bills, as you know, have
look at our problem with spending, how bloated our government is. we're $16 trillion in debt. something needs to be done. this year we're going to spend $165 billion more than we receive in social security. $3 we're going to spend for every 65 we receive in social security in medicare. this is absolutely -- we need to stop. this is not fair to young people. it's not fair for future generations they have to inherit this debt. something needs to be done. >> i agree. what do we do when we...
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Dec 29, 2012
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because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of the war. as kelly just said, boehner put forward the plan b only to withdraw it when he could not rustle up enough republican votes, and since then he is more of an observer than a player in the crisis. joining me is rob acosta, and "republic's" john stein. as we just heard from kelly o'donnell, they will be faced with needing democrats to get this deal through if we do indeed have a deal, and then he has to go back to the caucus and say, re-elect me as speaker. how does he do that? >> well, these are two separate questions, richard. on the first point, boehner has a tough time corralling some of the republic
because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of...
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Dec 27, 2012
12/12
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one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people? was it never pointed out to them in any way, shape or form war where republicans portrayed as just mean and stingy and hurting people all costs? what is going on here? >> as you and i have discussed republicans have seeded cultural ground especially on college campuses. mitt romney and paul ryan rarely made an appearance and rarely made conservative ideas, free market ideas palatable to younger voters and talk about things, investing in a social security system that won't be around for them. i think we have allowed liberals or conservatives have allowed liberals to take the pop cultural game and
one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people?...
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Dec 30, 2012
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. >> i would say that sometimes he governs like a visitor from a morally superior civilization. he comes in here and he will talk with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the time i have been here. there has been in a sense a radicalization in the republican conference here in the house and it makes it very difficult to negotiate. the president has been talking with the speaker. he made an offer. it was essentially rejected by the speaker. he then comes up with another alternative. it is turned down by the conference that he is supposed to lead. i think all of that has made this a more difficult proposition. i think the president, he has offered cuts in spending essentially it has been very difficult to deal with this republican majority now in the house. and what i am hopeful
. >> i would say that sometimes he governs like a visitor from a morally superior civilization. he comes in here and he will talk with boehner. he won't talk with the other republicans. he hasn't built the trust. >> so has the president and the democrats, do you think they have done enough to build trust on the other side? >> i think so. i have been here 30 years now. this republican conference in the house is more hard edged, more hard to bid than has been true almost all the...
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the government was not going to fall over this. obama care doesn't fall oh he vert h healthcare mandate but would have protected while the case is fully litigated the religious freedom rights of the owners of hobby lobby to protect their religious conscience. unfortunately, the justice today, her deneyial in four pages basically said sorry i don't see it and therefore you will pay the penalty or provide the insurance whether you you like it or not and i think she missed an opportunity to put it on hold pending a pull disposition of the case and frankly i don't see where there would have been any harm in that whatsoever. obama care would have not fallen over it. >> laura: wouldn't that have been the least destructive way of going about this for the justice and doesn't this signal real trouble for those business owners in the united states who they are are not churches mind you but they have real beliefs and they do not allow them to participate in providing the coverage for the abort a patient drugs. why is their religious liberty a
the government was not going to fall over this. obama care doesn't fall oh he vert h healthcare mandate but would have protected while the case is fully litigated the religious freedom rights of the owners of hobby lobby to protect their religious conscience. unfortunately, the justice today, her deneyial in four pages basically said sorry i don't see it and therefore you will pay the penalty or provide the insurance whether you you like it or not and i think she missed an opportunity to put it...
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Dec 28, 2012
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they say the government is not honoring a cease five including release of political leaders. >> back in the u.s., the storm has come and gone and at least 16 deaths are blamed on the weather. in hard-hit arkansas, more than 135 homes and businesses remain without power. edward lawrence reporting. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal. >> reporter: the storm drops several inches in the northeast and new england making it hard to get out and get around. streets are a problem in west virginia and maryland. this woman skit off the road and hit a mailbox. >> we just lost control. yeah, pretty scary. >> reporter: the weather is part of the same mass av system that crossed the country this week dumping snow from the west coast to the east coast and creating powerful tornadoes in the south. bad weather continues to delay flights in the northeast. that's bad news for holiday travelers trying to head home. brendan frank lip came home for christmas and is w
they say the government is not honoring a cease five including release of political leaders. >> back in the u.s., the storm has come and gone and at least 16 deaths are blamed on the weather. in hard-hit arkansas, more than 135 homes and businesses remain without power. edward lawrence reporting. >> reporter: snow blowers and plows are pushing through a foot of snow in the upstate new york. the icy snow is a challenge for those who only have a shovel. >> it's been brutal....
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Dec 28, 2012
12/12
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government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't even need a decision. david: larry, i know what you say about interest rates, overriding factor thinking about investment and how much cash, but, again, right for now, our credit rating is the best in the worlding but it's a lousy world of credit. that's the problem is that with all this money printing going on around the world, i'm wondering when that comes back to bite us. >> well, that's why you don't want to be in bonds and be in stocks because stocks -- david: good point. >> when stocks accelerate, good hedge against inflation. the consumer in the cave, i don't
government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't...
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Dec 30, 2012
12/12
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, will find out they're getting less money back from the federal government. so that's why in some cases some of the lowest income earning people will be impacted even more than some of the people in the middle because they will find that they're getting substantially less back from the government. we're going to bring you some more scenarios. the link to this is up at my facebook and twitter @jo @joshlevscnn and see how it would affect you and use that to influence your understanding of what would happen if we go over the cliff. >> josh levs not kicking the can down the road. >> not once. >>> it is a story you have to see to believe. ahead a mom and her kids reunited after nearly a week all thanks to a cnn viewer. i just u. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> we're going to get back to the hill gothss in just a minute
, will find out they're getting less money back from the federal government. so that's why in some cases some of the lowest income earning people will be impacted even more than some of the people in the middle because they will find that they're getting substantially less back from the government. we're going to bring you some more scenarios. the link to this is up at my facebook and twitter @jo @joshlevscnn and see how it would affect you and use that to influence your understanding of what...
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Dec 30, 2012
12/12
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a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other side to not make a deal saying a bad deal is worse than no deal, go over the cliff. these voices have real influence right now and you they are causing economic calamity to our country. they are making us look foolish. they are making us look unable to self-govern in a constructive way, let alone serve -- solve long-term problems, which is what we elect them for. people should be furious that we are here 36 hours with no deal on the fiscal cliff. >> i have no doubt they are. john avlon, thanks very much, as always, for the insight. thank you. >>> a fiscal fight. it is happening right now
a crisis of self-government. we have had divided government that's worked beautifully before. we have got the marshall brandon, the highway system, civil rights bills in the 1960s, lbj as president, dirkson in the senate. we have done this before, all the accomplishments of the reagan era this disfunction is something new, the result of the polarization, party he is being more polarized than ever before, the increased power of the professional partisan activist class, actively arguing on other...
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Dec 29, 2012
12/12
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if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that is the problem. he is like ahab and the well and the well is the -- whale is the wealthy? >> raising taxes in punitive way on affluent people. having said that again, the people who are -- who would be hit with these tax increases are the people who create the jobs. and that impacts a lot of middle class americans. have you got a middle class americans employed by small businesses that would see their tax bills go up. that's going to be bad for the economy and bad for jobs. but, again, i think that the philosophically the president a lot of his allies up here in the congress have a very different view
if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that...
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Dec 22, 2012
12/12
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not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and pressure was put on every area and then all of a sudden things turned around and that's the way it is. >> right. it's unfortunate but that's the way it is. >> right. so we are happy we could help and we wish you and your husband and your son the very merriest of christmases and it will be. >> thank you so much and i cannot tell you how much we appreciate this coverage. it's saved his life. we really believe that. >> bill: that's what the fox news channel is here to do and we are happy to do it. merry christmas to you, mrs. hammar. >> you too. >> bill: laura as you said in the top of your remarks, at least we have a ha
not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and...
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Dec 22, 2012
12/12
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not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and pressure was put on every area and then all of a sudden things turned around and that's the way it is. >> right. it's unfortunate but that's the way it is. >> right. so we are happy we could help and we wish you and your husband and your son the very merriest of christmases and it will be. >> thank you so much and i cannot tell you how much we appreciate this coverage. it's saved his life. we really believe that. >> bill: that's what the fox news channel is here to do and we are happy to do it. merry christmas to you, mrs. hammar. >> you too. >> bill: laura as you said in the top of your remarks, at least we have a ha
not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and...
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Dec 28, 2012
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that's how much the government will take. after you paid all your tacks the government will get more than half of what you have left. that includes the gold in your teeth and maybe some spare change in your pocket. pretty sad. that is confiscator to more than anything else. >> also known as the death tax. keep in mind, sean, the estate tax also, it actually lapsed in 2010 and there were jokes going around saying it is time that people should pull the plug on the relative? but remember it came back in 2011 and it ended up coming back at 35%. but if you go over the cliff it goes up to 55%. >> all right. unbelievable. guys, good to see you. great information. we will continue to follow it. appreciate it. coming up, president obama returns early from his vacation, or so he says. charles krauthammer is here to analyze the anointed >> after he so selfishly cut short his christmas vacation in hawaii, he's back in washington for the last minute fight over the looming fiscal cliff. but both sides of the aisle say there's no deal in si
that's how much the government will take. after you paid all your tacks the government will get more than half of what you have left. that includes the gold in your teeth and maybe some spare change in your pocket. pretty sad. that is confiscator to more than anything else. >> also known as the death tax. keep in mind, sean, the estate tax also, it actually lapsed in 2010 and there were jokes going around saying it is time that people should pull the plug on the relative? but remember it...
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Dec 30, 2012
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but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from "meet the press." that's coming up, too. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. if we took the already great sentra apart and com
but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from...
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Dec 30, 2012
12/12
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we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a political battle over the increase in marginal tax rates based on what you earn. i understand there's a lot more to this puzzle. but on that front, because that's the one that gets most of the ink around here. it's the whether people who earn more than 250,000 or 2z 400,000 or a million should pay more tax. the point i'm trying to get at is that's not going to hurt the economy. that's all we're talking about. paying 4.6 percentage points higher on your income over 250,000, the evidence isn't there that that's going to hurt the economy. >> it will take taxes from 35% to 43.6%. because you have to
we need to deal with our run-away government spending, the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reforming government. as long as tax increases are on the table, the politicians never even think about reforming government. >> i understand you've been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. what we're down to is largely a...
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Dec 27, 2012
12/12
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based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. they deploy the tactics that nearly shut down the government and ultimaty cost america its aaa credit rating for the first time in history. in a last minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush tax cuts extended for two ye
based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but philosophy's main spokesman is this man. grove norquist, whose pledge signed by almost all republicans in congress forbid them from raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nations's debt ceiling. without a deal, the u.s. would lose its ability...
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Dec 27, 2012
12/12
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CNBC
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Dec 30, 2012
12/12
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. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases for all but the wealthy. and preserve expiring unemployment benefits. with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in hous
. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's...
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Dec 30, 2012
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-- fund the government for 3 days. sdwlsz -- >> president omaba insists his plan on the table is fair. >> we just can't afford a self-inflicted wound to our economy. >> if sunday's negotiations don't pan out the president says he's ready to propose his own scaled back bill that would block increases for all by the wealthy and preserve expiring unemployment benefits. >> with the deficit ticking higher patience is wearing thin. >> for those of us who invest in the stock market it's disgusting to watch them play around with our money. >> missing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >>> three people are dead after a late night apartment fire in san jose. the fire began just after 11:00 last night on bridge port court. they discovered the bodies of a man, a woman and a child. >> whenever you have calls that people are trapped we're automatically going to upgrade that alarm, maybe sure we have a person in place to perform those rescues
-- fund the government for 3 days. sdwlsz -- >> president omaba insists his plan on the table is fair. >> we just can't afford a self-inflicted wound to our economy. >> if sunday's negotiations don't pan out the president says he's ready to propose his own scaled back bill that would block increases for all by the wealthy and preserve expiring unemployment benefits. >> with the deficit ticking higher patience is wearing thin. >> for those of us who invest in the...
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Dec 22, 2012
12/12
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, then they cannot govern. it's like if you have a peanut allergy, okay. you can't get a job making reece's pieces. or if you have a religious prohibition against you operating modern motor vehicles. that's neat. but then you cannot get a job as a bus driver. if john boehner's job is making governing policy, and if john boehner is bad at that job because republicans in washington are now existentially politically incapable of making governing policy, that's against who they are and they won't survive if they prove that is who they are, then what we have as a country is not just a john boehner is bad at his job problem. this is a problem for which we may need to find the serenity and certainty that it will not change. john boehner's job as speaker of the house will be subject to a vote on january 3rd. you might think his speakership might be in danger given how he has performed in the job. but as of yet, no named other republican is challenging him for the job. maybe that's because whoever is holding the job, th
, then they cannot govern. it's like if you have a peanut allergy, okay. you can't get a job making reece's pieces. or if you have a religious prohibition against you operating modern motor vehicles. that's neat. but then you cannot get a job as a bus driver. if john boehner's job is making governing policy, and if john boehner is bad at that job because republicans in washington are now existentially politically incapable of making governing policy, that's against who they are and they won't...
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Dec 27, 2012
12/12
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, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek com
, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the...
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Dec 27, 2012
12/12
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a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> we have this just in to cnn. you're looking live at air force one as it lands. just back from hawaii. the president had to cut short his vacation there. his holiday vacation so he could deal with the looming fiscal cliff. all eyes are
a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes...
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Dec 27, 2012
12/12
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that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a liquid diet an his condition is listed as guarded. his spokesman quotes him as saying i'm determined not to be dprumpy with all of this. >>> toyota has agreed to pay up in a major way, $1.1 billion to settle a class action suit over sudden acceleration issues. under the deal toyota will install a brake override system in effective cars. it will also set up a fund of $250 million for former toyota owners who sold their cars from september of 2009 through all of 2010. that money would compensate owners for their car's reduced value because of bad publicity. also toyota's a
that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the top stories. >>> former president george h.w. bush remains in intensive care in a houston hospital with an elevated fever. he is on a...
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Dec 29, 2012
12/12
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this right here, it's a story of some government and politics and small town life. mr. fricke, the leading write-in vote getter told "the new york times" that politics has lost its luster, even in small towns. oh, gee, i wonder why. thank you, washington. but it's also a story, an interesting story about unemployment. you have a job available, one that only pays a hundred bucks a month, and nobody wants it. and that in this economy is very, very rare. a job nobody will take. for most available jobs, there are lines out the door of qualified applicants. and that is the most important fact about not just the economy, but about what is happening in washington right now, as we speak. the biggest deal, the biggest problem with a deal that has not been struck in congress is coming up next. l doesn't treat . really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ coughs ] ♪ [ male announcer ] you can't let a cold keep you up tonight. vi
this right here, it's a story of some government and politics and small town life. mr. fricke, the leading write-in vote getter told "the new york times" that politics has lost its luster, even in small towns. oh, gee, i wonder why. thank you, washington. but it's also a story, an interesting story about unemployment. you have a job available, one that only pays a hundred bucks a month, and nobody wants it. and that in this economy is very, very rare. a job nobody will take. for most...
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Dec 23, 2012
12/12
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CSPAN
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 29, 2012
12/12
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it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. >> welcome back to hardball. the tragic school shooting has put renewed focus not just on the guns, but on school safety itself. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. and to do it now. >> but here's what it looks like when you run the numbers. slate magazine took a look at what a program to put armed guards in eve
it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling....